Post
Topic
Board Bitcoin Discussion
Re: Why is cold storage better than coinbase?
by
Rasel5209
on 04/01/2021, 06:47:46 UTC
It seems most bitcoiners prefer cold hardware wallets over online platforms but why is that? Considering platforms like coinbase are FDIC insured and have the best security in the business, it seems much riskier to try to secure my bitcoins on my own. I feel my house burning down or some other accident destroying my wallet is much more likely than losing it on Coinbase. And if there is a breach in coinbase, I get it back... so what am I missing?? While I’m not new to owning bitcoin, I am new to learning about it. So I apologize if this is an annoying newb question.
Cold hardware wallet don't possible to hack cause you can keep it without online. But coinbase is online so you will be hack.